Cummins

COLUMBUS, IND., May 13, 2008 -- Cummins Inc. (NYSE: CMI) is on pace to report a fifth consecutive year of record sales and profits in 2008, and is poised for significant further growth over the next several years, Chairman and Chief Executive Officer Tim Solso told shareholders today at the Company’s annual meeting.

Cummins shareholders re-elected all nine Cummins directors for another year and ratified the selection of PriceWaterhouse Coopers LLC as the Company’s external auditing firm. Shareholders also voted to increase the number of authorized shares of common stock from 300 million to 500 million and defeated a shareholder proposal calling on the Company to take steps to adhere to the conventions of the International Labor Organization.

COLUMBUS, Ind., May 13, 2008 – The Board of Directors of Cummins Inc. (NYSE:CMI) today declared a quarterly common stock cash dividend of 12.5 cents per share, payable June 2, 2008 to shareholders of record on May 23, 2008.

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March 12, 2008, NASHVILLE, TENN — Cummins Filtration (NYSE:CMI), the leader in filtration, exhaust, coolant and chemical technology for all engine-powered systems, introduces the next generation of air filtration technology with its Fleetguard Direct Flow™ Series engine air cleaner. The unique design provides significant reduction in size, allowing it to fit into areas conventional air cleaners do not.

February 13, 2008, COLUMBUS, IND. – Cummins Inc. (NYSE: CMI) announced today that Robert K. Herdman, Managing Director of Kalorama Partners LLC, a Washington D.C.-based consulting firm, has been elected to the Company’s Board of Directors.

Herdman brings extensive accounting and financial regulatory experience to the Cummins Board. Prior to joining Kalorama Partners, he served as Chief Accountant to the U.S. Securities and Exchange Commission (SEC) from October 2001 to November 2002, where he was the principal advisor to the SEC on accounting and auditing issues.

Feb. 12, 2008, COLUMBUS, Ind. – The Board of Directors of Cummins Inc. (NYSE:CMI) today declared a quarterly common stock cash dividend of 12.5 cents per share, payable March 3, 2008 to shareholders of record on Feb. 22, 2008. The dividend amount reflects the Company’s 2-for-1 stock split, which took effect Jan. 2, 2008.

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February 4, 2008, COLUMBUS, Ind. – Cummins Inc. (NYSE:CMI) and Volvo Trucks North America today announced that they have extended the agreement for the availability of the Cummins ISX engine in Volvo VN trucks.

“We're pleased to build on our partnership with Volvo Trucks North America and offer the 2010 ISX Heavy-Duty engine in the VN truck lineup,” said Jim Kelly, Cummins President – Engine Business.

"Volvo and Cummins have a strong legacy of serving the needs of our mutual customers in the North American truck market,” added Ed Pence, Cummins Vice President and General Manager – Heavy-Duty Engine Business, "and this agreement allows us to extend that legacy well into the future.”

Cummins Forecasts Accelerating EBIT Growth in 2008

Feb. 1, 2008, COLUMBUS, IND. – Cummins Inc. (NYSE: CMI) today released results for 2007, completing a year of record sales and earnings - the fourth straight year of record financial performance for the Company. Cummins’ sales rose 15 percent to $13.05 billion, from $11.36 billion in 2006.

Net income rose to $739 million, or $3.70 cents a share, a 3 percent increase compared to $715 million, or $3.55 a share, in 2006. Earnings Before Interest and Taxes (EBIT) of $1.23 billion, or 9.4 percent of sales, represent a 4 percent increase from 2006 when the Company earned $1.18 billion, or 10.4 percent of sales.

January 28, 2008, NASHVILLE, TENN— Cummins Filtration (NYSE:CMI), the leader in filtration, exhaust, coolant and chemical technology for all engine-powered systems, announced that it has entered into a cooperation agreement with Elmarco s.r.o, a Czech nanotechnology designer. The strategic objective of the agreement is to develop innovative solutions in nanofiber media technologies to allow Cummins Filtration to better serve global application needs in motor vehicle and related filtration systems.

Named Cummins Inc. Vice President

January 8, 2008, COLUMBUS, IND -- Srikanth Padmanabhan, Managing Director of Cummins Generator Technologies for the past four years, has been selected to head Cummins Emission Solutions and has been named a Vice President of Cummins Inc. (NYSE: CMI). He will assume his new role on January 15 and will be based in Columbus.

Cummins Emission Solutions is one of four businesses operating within the Company’s Components Group, and has been one of Cummins’ fastest-growing businesses since its inception in 2002. The business is expected to triple in sales from 2006 to 2007 to approximately $450 million.

December 17, 2007, Columbus, IN - Cummins Inc. (NYSE: CMI) has been notified of an unsolicited mini-tender offer by TRC Capital Corp. of Toronto for TRC to purchase up to 1,000,000 (one million) shares of Cummins’ stock at a price of $115.00 per share in cash.

This represents a 2.7 percent discount below Cummins’ closing price on December 11, the day prior to the date of the offer, and a 6 percent discount below Cummins’ closing price on Friday, December 14. Cummins is in no way associated with TRC, this mini-tender offer or the offer documentation.

Cummins does not endorse TRC’s unsolicited mini-tender offer and recommends that stockholders not tender their shares in response to this offer.

December 13, 2007, COLUMBUS, Ind. - Cummins Inc. (NYSE:CMI) announced today that it has been named the 2007 Newsmaker of the Year by Diesel Progress magazine, honoring the company’s continued commitment to communicating advancements in diesel engine and emissions technology. The award is featured in the December issue of Diesel Progress.

The Diesel Progress Newsmaker of the Year award, now in its eleventh year, honors the company, person, product, technology, market or industry topic that made the most news during the year. This is the second time Cummins has received the award.

November 20, 2007 -- BEIJING, CHINA -- Cummins (NYSE: CMI) recently received an order of 1,000 Euro IV diesel engines from Beijing Public Transport Holdings Ltd. (BPT), and 900 Euro III diesel engines from Hangzhou Public Transport Corporation (HZPT). Hangzhou is the capital of Zhejiang Province in eastern China.

BPT’s most recent order comes in addition to its purchase of 1,400 Cummins Euro IV diesels and 250 Cummins Westport (a joint venture of Cummins and Westport Innovations) Euro III natural gas engines in the second quarter of 2007. With this new order, Cummins and Cummins Westport, will power more than 14,000 BPT buses – over half of the transit agency’s fleet.

Cummins Reaffirms Guidance for Record Profit in 2007

October 25, 2007, COLUMBUS, IND. - Cummins Inc. (NYSE: CMI) today reported record revenues and higher earnings for the third quarter, led by quarterly-best sales in three of its four business segments. Given the Company’s performance through the first nine months of 2007 and the outlook for the fourth quarter, Cummins remains on pace to meet its earnings guidance of $7.15-$7.65 a share, which would make 2007 the most profitable year in company history.

COLUMBUS, Ind., (Oct. 16, 2007) - Cummins Inc. (NYSE:CMI) announced that it has earned a prestigious award for customer satisfaction in the J.D. Power and Associates 2007 Heavy-Duty Truck Engine/Transmission Customer Satisfaction StudySM. Cummins received the award for highest customer satisfaction with heavy-duty diesel engines in the "vocational" segment. The Cummins ISX and ISM make up almost all of the Cummins engine models in this segment.

Cummins led the ranking on three engine factors affecting customer satisfaction, leading the vocational segment on performance, cost of ownership and warranty.

October 11, 2007, NASHVILLE, TENN. - Cummins Inc. (NYSE:CMI) today announced that it has reached an agreement to sell Universal Silencer Inc. (USI) to the Stirling Group, led by current USI general manager Randy Eppli. The newly formed Stirling Group includes other key members of Universal Silencer's management team.

Universal Silencer, currently part of the Cummins Filtration business, provides unique solutions in industrial noise control. The business is headquartered in Stoughton, Wisc., and employs 230 people.

"The transition of ownership to the Stirling Group ensures a sale to people who have a vested interest in USI; they are in the best position to grow the business," said Pamela Carter, President, Cummins Filtration.

October 9, 2007, COLUMBUS, Ind. - The Board of Directors of Cummins Inc. (NYSE:CMI) today declared a quarterly common stock cash dividend of 25 cents per share, payable Nov. 30, 2007 to shareholders of record on Nov. 16, 2007. The dividend reflects a 39 percent increase from the same period in 2006, as a result of the Company's decision in July 2007 to raise the dividend to its current level.

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